Investment Policies
The objectives of the State Treasurer’s investment practices, in priority order, will be safety, liquidity and return on investments. To meet these objectives, the State Treasurer and designated investment officers will:
Seek to ensure the preservation of capital by adhering to all restrictions on the investment of funds established by law and by this policy.
Maintain liquidity by seeking to match the maturity structure of the portfolio to reasonably anticipated cash requirements, as well as maintaining an adequate portion of the portfolio in readily marketable securities.
Optimize the return on investments by structuring the portfolio in such a way that a market rate of return is earned through budgetary and economic cycles within the existing constraints of safety and liquidity.
Strive to meet the target rate of return as set by the State Board of Finance.
